Higher Open, Trading Range, Lower Close...

 
© 2021
 
 
SPX opened higher and pulled back into a trading range before finishing lower on Tuesday.  Semiconductor stocks SMH closed higher and is a breakout setup. 
 
 
DJI -81.52, -0.24%, closed at 34,312.  AMGN, GS, TRV and CAT were the largest point decliners on Tuesday.
NDX +15.98, +.12%, closed at 13,657.
SPX -8.92, -0.21%, closed at 4,188.                    
 
TSLA -0.29%, paused after a 3-day rally.
 
SPY = breakout test.
DIA = breakout setup.
QQQ = bounce continuation.
IWM = pause at short-term resistance.

 
Four of eleven sectors were higher on Tuesday, led by XLY, XLRE and XLK.
 
Consumer Discretionary leaders: NVR, RCL, NCLH, CCL
Real Estate leaders: EQIX, CCI, O, DLR
Technology leaders: SNPS, AMAT, ADBE, QRVO
 
SPY down .93 at 418.24, on 57.4 million shares, below average volume, down on higher volume. 
VIX up .44 at 18.84

 
BA, DIS, HD, UNH led the DJIA, 10 advancers, -12
NVR, RCL, NCLH, CCL led the SPX, 166 advancers.
MRNA, SNPS, AMAT, ASML led the NDX, 51 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ,
Down: SPY, DIA, IWM,
 
Advancers weakened on Tuesday as decliners led 2,062 to 1,228 on the NYSE and led 2,757 to 1,512 on the NASDAQ.
 
The SPY MFC green line is pointed up at 62.1 and is bullish.  SPY is a breakout test. 
 
 
Uptrend sectors:  XLRE, XLP, XLC, XLV, XLF, XLB, XLE, XLI, XLU, XLK, XLY,
Neutral sectors: 
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is down a little.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
51 of 100 NDX stocks closed higher on Tuesday.
 
54 NDX stocks are above their 30 DMA:   XEL, COST, CERN, VRSN, ALXN, CHTR, MDLZ, KHC, PEP, BIIB, TMUS, SGEN, CSCO, PAYX, WBA, INTU, WDC, TCOM, NTES, ATVI, FB, MXIM, ADI, ADP, CPRT, FAST, GOOGL, IDXX, ILMN, MRVL, NXPI, ZM, ALGN, EBAY, NVDA, PTON, ADSK, AMAT, ASML, AVGO, CMCSA, CTAS, EA, KLAC, LRCX, MCHP, SNPS, TXN, ADBE, ISRG, MRNA, PDD, PYPL, TEAM,
 
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 6
ADBE, ISRG, MRNA, PDD, PYPL, TEAM,
 
 
Moving Below 30 DMA = 6                                                                  
CHKP, EXC, GILD, MTCH, REGN, SIRI,
 
                                                                                     
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